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News Highlights: Top Energy News of the Day

05/07/2021 | 12:16am EDT
Texas Lawmakers Debate Legislation to Cover Energy Crisis Costs 

Texas lawmakers are debating several bills to address how to cover the huge charges facing some energy companies for power purchased during February's winter storm.

Oil ends lower as traders focus on the oil and gasoline demand outlook 

Oil futures end lower Thursday, with U.S. prices down a second session, as investors weigh disappointing data on U.S. gasoline usage and an eye the impact of surging COVID-19 infections in India on oil demand.

Natural Gas Prices End Slightly Lower 

Natural gas prices ended a bit lower, finishing down 0.3% at $2.928/mmBtu despite a weekly storage report that was bullish compared to averages.

Solar Stocks Can Shine Despite Interest-Rate Jitters 

Worries about increasing interest rates are weighing on debt-dependent residential solar stocks. Investors should focus on growth potential instead.

Energy Transfer Reaps $2.4 Billion Windfall From Texas Freeze 

The pipeline operator benefited from surging natural gas prices during the February storm.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

ADB Closes in on New Energy Agenda Amid Calls to Exit Fossil Fuels 

The Asian Development Bank says a coming change to its energy policy will define its position on fossil fuels, an issue under the spotlight amid mounting calls from the U.S. and global environmental advocates for multilateral banks to stop financing nonrenewable fuels like oil and gas.

Michigan Wants to Close Oil Pipeline Under Great Lakes. Canada Says No. 

Gov. Gretchen Whitmer's push to close the Enbridge Line 5 corridor could choke off central Canada from gasoline and home-heating oil, Canadian officials say.

EnCap Raises $1.2 Billion for First Clean-Energy Fund 

The Houston firm aims to back companies that develop clean-energy assets at their earlier stages.

Saudi Aramco Posts 30% Profits Rise 

Saudi Aramco profits rose by almost a third in the first quarter to $21.7 billion, boosted by a stronger oil market and higher refining and chemicals margins.

(END) Dow Jones Newswires

05-07-21 0015ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.21% 33874.24 Delayed Quote.10.91%
ENBRIDGE INC. -0.43% 49.08 Delayed Quote.21.08%
LONDON BRENT OIL 0.90% 75.4 Delayed Quote.44.72%
S&P GSCI HEATING OIL INDEX -0.17% 262.6184 Delayed Quote.45.18%
S&P GSCI NATURAL GAS INDEX -0.51% 156.1476 Delayed Quote.29.07%
SAUDI ARABIAN OIL COMPANY -0.28% 35.2 End-of-day quote.0.57%
WTI 0.56% 73.225 Delayed Quote.51.56%
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